2026-01-26T15:05:43+00:00 2025-04-30 135381590 BDO USA 200 PARK AVE 38TH FLOOR NEW YORK NY 10166 990 2024-05-01 136180704 SOUND RECORDING SPECIAL PAYMENTS FUND SOUN 2125161400 150 EAST 52ND STREET SUITE 24001 NEW YORK NY 10022 ROBERT DIPAOLA FUND ADMINISTRATOR 2125161400 2026-01-26 true PAUL HAMMERSCHMIDT P01384178 2128858000 2026-01-23 2024 2025-03-06 01:10:19Z ROBERT DIPAOLA 150 EAST 52ND STREET SUITE 24001 NEW YORK NY 10022 22797679 false X WWW.SOUND-RECORDING.ORG X 1964 NY DEDICATED TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS. (SEE SCHEDULE O FOR CONTINUATION) 1 1 11783 1 0 0 0 14316193 15265254 687098 503490 0 0 15003291 15768744 0 0 11882786 12204167 1665832 1720356 0 0 0 318754 274309 13867372 14198832 1135919 1569912 22748683 23045881 11364839 9826764 11383844 13219117 DEDICATED TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS. WE ARE COMMITTED TO OPERATE WITH INTEGRITY AND PROFICIENTLY, TO PROVIDE EXCEPTIONAL SERVICE TO MUSICIANS AND TO ADAPT TO CHANGES IN THE MUSIC INDUSTRY AS IT EVOLVES. false false 0 0 0 TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS. 0 false false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 322 0 true 11783 true false false false false false false false false X 1 1 false false false false false false false true true false false false false true true true true true false false false false X V ROBERT DIPAOLA 2125161400 150 EAST 52ND STREET SUITE 24001 NEW YORK NY 10022 JAMES HARRINGTON CHAIR - OVERSIGHT 1.0 0.0 X X 0 0 0 AUGUSTINO GAGLIARDI AFM - LIAISON (SEE SCH. O) 1.0 0.0 X 0 0 0 DAVE POMEROY AFM - LIAISON (SEE SCH. O) 1.0 0.0 X 0 0 0 DAVID FINCK AFM - LIAISON (SEE SCH. O) 1.0 0.0 X 0 0 0 ROBERT DIPAOLA FUND ADMINISTRATOR 40.0 0.0 X 346846 0 47741 NANCY NARVARRO SENIOR ACCOUNTANT 40.0 0.0 X 112026 0 44472 PARIS GARDNER OFFICE MANAGER 40.0 0.0 X 112306 0 29165 SUSAN WYLLIE MUSICIANS' INFORMATION SERVICES MANAGER 40.0 0.0 X 113385 0 28361 SYED ALI DIRECTOR OF IT/SYSTEMS 40.0 0.0 X 208878 0 71249 VINCENT VISCONTI DATABASE ARCHITECT 40.0 0.0 X 176939 0 61874 1070380 0 282862 6 false true false 0 0 PAYMENTS RECEIVED FROM RECORD COMPANIES 900099 15265254 15265254 0 0 0 0 15265254 661921 661921 0 0 6870504 7028935 -158431 0 -158431 -158431 0 0 0 0 0 15768744 15265254 0 503490 12204167 402533 913386 123773 189866 90798 7981 98375 44025 95680 95247 400354 3942 6793 71056 92350 PAYROLL PROCESSING FEES 33757 MISCELLANEOUS EXPENSES 1011 Recovery for sampling research & admin. costs -676262 0 14198832 846930 1462552 11176916 16312645 116755 36123 0 0 0 903098 770022 173085 133076 8113165 3008415 0 0 2321832 2093070 22748683 23045881 5494 0 0 0 11359345 9826764 11364839 9826764 X 11383844 13219117 11383844 13219117 22748683 23045881 1569912 265361 0 X false true true false 65563 19380 46183 652309 614405 37904 185226 136237 48989 133076 RIGHT-OF-USE ASSET 1923203 SECURITY DEPOSITS 169867 2093070 Federal Income Taxes MUSIC VIDEO AND CONCERT DVD DISTRIBUTIONS 4226149 UNCLAIMED DISTRIBUTIONS 2754674 OPERATING LEASE LIABILITY 2139556 SAMPLING DISTRIBUTIONS 498798 DUE TO SOUND RECORDING TRUST FUND (MPTF) 124568 DE MINIMIS DISTRIBUTIONS 83019 9826764 X 16034105 265361 0 265361 15768744 0 0 15768744 14198832 0 0 14198832 0 0 14198832 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote SOUND RECORDING SPECIAL PAYMENTS FUND MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX-RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE FUND DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF APRIL 30, 2025, THE FUND WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. X false false false ROBERT DIPAOLA FUND ADMINISTRATOR 301846 0 45000 0 0 0 32692 0 15049 0 394587 0 0 0 SYED ALI DIRECTOR OF IT/SYSTEMS 196778 0 12100 0 0 0 26302 0 44947 0 280127 0 0 0 NANCY NARVARRO SENIOR ACCOUNTANT 100526 0 11500 0 0 0 14106 0 30366 0 156498 0 0 0 VINCENT VISCONTI DATABASE ARCHITECT 165939 0 11000 0 0 0 22280 0 39594 0 238813 0 0 0 Form 990, Part I, Line 1 WE ARE COMMITTED TO OPERATE WITH INTEGRITY AND PROFICIENTLY, TO PROVIDE EXCEPTIONAL SERVICE TO MUSICIANS AND TO ADAPT TO CHANGES IN THE MUSIC INDUSTRY AS IT EVOLVES. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 was prepared by a nationally recognized accounting firm in collaboration with the organization's finance department. The draft Form 990 was reviewed by the organization's Fund Administrator for accuracy and completeness prior to filing with the Internal Revenue Service. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY REQUIRES BOARD MEMBERS AND KEY STAFF TO COMPLETE AN ANNUAL DISCLOSURE AGREEMENT. IF ANY CONFLICTS ARE FOUND, THE RELATED INDIVIDUAL IS EXCLUDED FROM THE DISCUSSION AND THE VOTING PROCESS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VII, Section A FORM 990, PART VII, LINES 2 THROUGH 4: DURING THE REPORTING PERIOD SOUND RECORDING SPECIAL PAYMENTS FUND (THE GANIZATION "FUND") HAD 3 LIAISONS THAT REPRESENTED THE FUND'S OVERSIGHT COMMITTEE ("COMMITTEE"). ACCORDING TO AGREEMENT, THE COMMITTEE CAN CONSIST OF UP TO ONE REPRESENTATIVE FROM EACH OF THE FOUR MAJOR RECORD COMPANIES, THAT IS SIGNATORY TO THE SOUND RECORDING LABOR AGREEMENT AND UP TO FOUR REPRESENTATIVES OF THE AMERICAN FEDERATION OF MUSICIANS OF THE U.S. AND CANADA, WHICH CAN SERVE AS ITS LIAISONS.